Hemfosa acquires property in Espoo, Finland, at a value of approximately MSEK 245

Hemfosa has acquired a school property in Espoo, Finland, at an underlying property value of MEUR 23.1 corresponding to approximately MSEK 245. The acquisition will help to strengthen Hemfosa’s position in the Finnish market for community service properties and as a landlord for Finnish municipalities.

Hemfosa has acquired a property in which the school operator Omnia, which is owned by three municipalities, conducts adult education. The property is centrally located in the Tapiola district of Espoo in the Helsinki area. The fully leased property has a long lease agreement and a leasable area of 7,100 sqm. Annual rental income amounts to MEUR 1.3, corresponding to approximately MSEK 13.8. Ownership of the property was transferred at June 19, 2019. 

“I am pleased with this transaction, which has enabled us to acquire an attractive school property in a prime location in the Helsinki area. The acquisition strengthens Hemfosa’s position as a landlord for Finnish municipalities, which is important for further growth in community service properties in the country. Hemfosa aims to increase its growth rate in Finland and sees good potential for additional acquisitions moving forward,” comments Anna Alsborger, Head of Transactions of Hemfosa. 

For further information, please contact:  

Anna Alsborger, Head of Transactions, mobile +46 70 979 45 72, anna.alsborger@hemfosa.se 

Caroline Arehult, CEO, mobile +46 70 553 80 26, caroline.arehult@hemfosa.se 

About Hemfosa Fastigheter

Hemfosa is a Swedish property company focused on community service properties in the Nordic region, with the Swedish state and municipalities as its largest tenants. This provides stable revenue flows and a healthy yield. Hemfosa also aims to create value through active participation in the transaction market. At March 31, 2019, Hemfosa owned properties with a total property value of approximately SEK 37 billion. The company’s ordinary share has been listed since March 2014, and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se

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About Us

Hemfosa is a Swedish property company focusing on community service properties in the Nordic region with its largest tenants being the Swedish state and municipalities. This provides stable cash flows and a healthy yield. In order to create value, Hemfosa also aims to actively participate in the transaction market. As per June 30, 2016, Hemfosa owned properties with a total property value of approximately SEK 33.2 billion, including the company’s share of the property value in joint ventures. Hemfosa’s common share has been listed since March 2014 and its preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.

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